Goldman's Solomon sets out to prove bank's revenue engine can roar again

ArticleBanking crisisMarch 14, 2018 - 7:41:36 AM

The new chief executive officer of Goldman, David Salomon targets efficiency and profitability.

Before Goldman Sachs Group Inc operating chief David Solomon takes the next step in his career, the 56-year-old banker will have to prove that a strategy he has championed to increase annual revenue by $5 billion can actually work.

Solomon, who is now effectively the chief executive officer-in-waiting after his rival in the succession race decided to leave the Wall Street bank, is trying to get dealmakers and traders to work together to produce more revenue...

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